OLD National Bancorp IN lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 23.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,511 shares of the software maker’s stock after selling 1,653 shares during the period. OLD National Bancorp IN’s holdings in ANSYS were worth $813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at about $122,000. Calton & Associates Inc. purchased a new stake in shares of ANSYS in the fourth quarter valued at about $184,000. Advisor Partners LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at about $219,000. Conning Inc. purchased a new stake in shares of ANSYS in the fourth quarter valued at about $204,000. Finally, Diversified Trust Co purchased a new stake in shares of ANSYS in the fourth quarter valued at about $210,000. 96.22% of the stock is currently owned by institutional investors.

In related news, VP Mark Hindsbo sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $151.70, for a total transaction of $758,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Maria T. Shields sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $162.52, for a total transaction of $4,063,000.00. The disclosure for this sale can be found here. Insiders have sold 38,527 shares of company stock worth $4,973,622 in the last three months. Insiders own 1.30% of the company’s stock.

ANSYS, Inc. (NASDAQ:ANSS) opened at $154.20 on Wednesday. The stock has a market cap of $13,046.45, a P/E ratio of 43.93 and a beta of 1.07. ANSYS, Inc. has a one year low of $96.68 and a one year high of $164.90.

Several equities analysts recently issued reports on the stock. Robert W. Baird reissued an “outperform” rating and set a $155.00 price objective (up previously from $130.00) on shares of ANSYS in a research note on Friday, November 3rd. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Tuesday, November 7th. Royal Bank of Canada upped their price objective on shares of ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Wedbush reissued a “neutral” rating and set a $114.00 price objective (down previously from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $128.91.

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ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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